
River East Center
1515 SE Water Ave, Portland, OR 97214
99,999 sf
As exclusive sales agent, JLL is pleased to offer 125 & 175 Powder Forest Drive (the “Properties”), two office buildings totaling 129,604 square feet located in Simsbury, Connecticut.
The Properties offer an investor the opportunity to acquire high-quality office assets at a substantial discount to replacement cost. Currently 50% occupied, the Properties present future ownership with significant value-add upside through the lease-up of remaining vacancy. 15.1 years of tenure signals the current tenants' commitment to the Properties, and 2.9 years of WALT provides contractual cash flow during lease-up.
The Properties are privately nestled in a wooded multifamily and commercial development less than one mile from downtown Simsbury, an affluent suburban community conveniently located between Hartford, CT and Springfield, MA.
The Properties are being offered as-is, free and clear of any debt, and as part of a lender-facilitated sale.